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The mainframe evolution: Banking still needs workhorse tech

The mainframe evolution: Banking still needs workhorse tech

October 2, 2018

Via: Finextra
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In the financial services industry, where IT systems are high-volume and mission-critical, news of Big Iron’s ‘big crisis’ is greatly exaggerated, at least for now. It’s true that in today’s digital first world, cloud-based services are seeing rapid adoption across all industries, especially as fintech providers launch applications that enable improved customer experiences and 24/7 banking, but mainframes are far from becoming extinct just yet.

Financial services business leaders are attracted to platforms such as AWS and Microsoft Azure because they’re quick to deploy. They can set up their environment, get new apps up and running fast and immediately test to see how well their business use cases are enabled. By its very nature, mainframe technology can’t offer this rapid implementation but there is great value in its legacy.

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